Property Overview & Key Characteristics

750 Moncton Avenue presents a unique opportunity in Winnipeg’s Munroe East neighbourhood. The key appeal lies in its position as an entry-point property, with a notably low municipal assessed value that is significantly below averages for the street, area, and city. The lot size, while smaller than most in the immediate vicinity, is a manageable 3,000 sqft. Recent sale data indicates it traded in the $150k-$200k range in 2022, suggesting it is priced for accessibility.

This home would suit a specific type of buyer: first-time purchasers or investors seeking a foothold in the market with minimal upfront tax assessment costs. It’s a practical choice for those willing to consider a home that may require updates, viewing it as a canvas for adding value over time. A less obvious perspective is its potential for someone looking to minimize their property tax base, as the assessed value is a fraction of the city-wide average. The modest lot also means lower maintenance, which could appeal to downsizers or those seeking a simpler yard.

Frequently Asked Questions

1. Why is the assessed value so much lower than the averages shown?
A significantly low assessment often reflects a smaller home size, older components, or a need for modernization compared to neighbours. It’s a direct indicator of the property’s current valuation by the city for tax purposes, not necessarily its market sale price.

2. What does the sold price range from 2022 tell me?
It provides a recent market benchmark. The $150k-$200k range, combined with the very low assessed value, suggests the property is likely positioned at the more affordable end of the market. For an exact historical sale price, you can request it via email from the site.

3. Is the smaller lot size a major drawback?
It depends on your priorities. While below average for the area, a 3,000 sqft lot requires less upkeep and can be a benefit for those not wanting extensive gardening or yard maintenance. It’s a trade-off between outdoor space and manageability.

4. Who would this property not be suitable for?
It may not suit buyers looking for a move-in-ready home with above-average finishes or those who prioritize having a larger lot comparable to the neighbourhood standard. It’s geared toward value-conscious buyers comfortable with a project.

5. How can I get more context about the specific location?
Use the provided link to open the neighbourhood map analysis. This tool allows you to see nearby houses and compare details like year built and lot size visually, giving you a clearer sense of how this property fits into the immediate streetscape.